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20121201
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, there is more than a compromise here. we know we have to rebuild the states that were ravaged by hurricane sandy. we know that the whole nation needs help. let's roll up our sleeves and send a clear message to our fellow americans in the rest of the country that we are prepared to go back to work. this is neither a democratic or republican issue. infrastructure is vitally important to everyone. it shouldn't take anything more than calling the bill up and voting on it. i think it the other issue that everyone agrees on is the whole issue with regard to the middle class tax cut. everybody, including billionaires', would get a $250,000 tax cut. why risk the uncertainty, why take people to this fiscal cliff during this holiday season when this could easily be addressed? then you can come back and haggle in january. no one has to break a pledge. as tom cole eloquently said, he is not raising anyone's taxes, he is preventing them from being raised on the middle-class. step up to the plate, send that message to the entire world that we are secure. long-term, i think we need to focus on health care cost
for sandy on the east pork inhere's a lot of that. call your delegates. my question to you, in regard to what i've heard on president obama in regard to social security is trying to incorporate changes cpi -- chained cpi. a person would pay $1,200 more in one year and over. 30 years, $28,000. could you go in depth on that for me? guest: there are different ways of computing the consumer price index. one of those is to change how much we saved for food and shelter and so forth for the proportions of the previous year as opposed to a base year. that gives you a somewhat lower rate of inflation. economists would argue that is more realistic and a fairer way to index and the government benefits. i have a problem with that. as an economist, i'm interested in perfection of measurement. as a guide u.s. to operate in washington, i am also concerned with equity. older folks really have a different basket of goods than and people. when was the last time grandma and grandpa went out and bought a suite of bedroom furniture. young folks do that. where is older folks spend much more in health care.
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